TIDMDAB TIDMDABU TIDMDABE 
 
Please be advised that this announcement replaces the one made earlier today at 
13:03 under reference number PRNUK-2902161302-8588. The revised announcement 
below has a change in MTD movement in the Continuing Portfolio. 
 
Dexion Absolute Limited (the "Company") 
 
December Final Net Asset Values 
 
Ordinary Shares 
 
The net asset value of the Company's Ordinary Shares as of 29 January 2016 is 
as follows: 
 
Share Class          NAV            MTD            YTD 
                            Performance    Performance 
 
GBP Shares       185.46p         -2.10%         -2.10% 
 
2011 Redeemed Shares 
 
The net asset value of the Company's 2011 Redemption Portfolio was $0.46 
million as of 29 January 2016. This was attributed to the Redeemed Share class 
as follows:- 
 
Share Class   NAV per Redeemed Share 
 
EUR Shares          US$ 0.0083 
 
All of the Redeemed Shares have been cancelled. Accordingly, the "NAV per 
Redeemed Share" represents the amount then owed by the Company in respect of 
such Redeemed Shares at the relevant date. 
 
2012 Redeemed Shares 
 
The net asset value of the Company's 2012 Redemption Portfolio was $1.60 
million as of 29 January 2016. Shares redeemed pursuant to the 2012 Redemption 
Offer have a single USD net asset value based upon exchange rates at the 
relevant date. This was attributed between Redeemed Share classes as follows:- 
 
Share Class   NAV per Redeemed Share 
 
EUR Shares          US$ 0.0123 
 
USD Shares          US$ 0.0135 
 
All of the Redeemed Shares have been cancelled. Accordingly, the "NAV per 
Redeemed Share" represents the amount then owed by the Company in respect of 
such Redeemed Shares at the relevant date. 
 
2013 Redeemed Shares 
 
The net asset value of the Company's 2013 Redemption Portfolio was $1.98 
million as of 29 January 2016. Shares redeemed pursuant to the 2013 Redemption 
Offer have a single USD net asset value based upon exchange rates at the 
relevant date. This was attributed between Redeemed Share classes as follows:- 
 
Share Class   NAV per Redeemed Share 
 
GBP Shares          US$ 0.0150 
 
EUR Shares          US$ 0.0183 
 
USD Shares          US$ 0.0211 
 
All of the Redeemed Shares have been cancelled. Accordingly, the "NAV per 
Redeemed Share" represents the amount then owed by the Company in respect of 
such Redeemed Shares at the relevant date. 
 
2015 Redeemed Shares 
 
The net asset value of the Company's 2015 Redemption Portfolio was $54.88 
million as of 29 January 2016. Shares redeemed pursuant to the 2015 Redemption 
Offer have a single USD net asset value based upon exchange rates at the 
relevant date. This was attributed between Redeemed Share classes as follows:- 
 
Share Class   NAV per Redeemed Share 
 
GBP Shares          US$ 2.8717 
 
EUR Shares          US$ 2.9367 
 
USD Shares          US$ 4.0109 
 
All of the Redeemed Shares have been cancelled. Accordingly, the "NAV per 
Redeemed Share" represents the amount then owed by the Company in respect of 
such Redeemed Shares at the relevant date. 
 
These valuations, which have been prepared in good faith by the Company's 
administrator, are for information purposes only and are based on the unaudited 
estimated valuations supplied to the Company's investment adviser, Aurora 
Investment Management L.L.C. ("Aurora"), by the administrators or managers of 
the Company's underlying investments and such valuations may not be considered 
independent or may be subject to potential conflicts of interest. Both weekly 
manager estimates and monthly valuations may be produced as at valuation dates 
which do not co-incide with valuation dates for the Company, may be based on 
valuations provided as of a significantly earlier date, may differ materially 
from the actual value of the Company's portfolio and are unaudited or may be 
subject to little verification or other due diligence and may not comply with 
generally accepted accounting practices or other generally accepted valuation 
principles. The Company's investment adviser, investment manager and 
administrator may not have sufficient information to confirm or review the 
completeness or accuracy of information provided by those managers or 
administrators of the Company's investments. In addition, those entities may 
not provide estimates of the value of the underlying funds in which the Company 
invests on a regular or timely basis or at all with the result that the values 
of such investments may be estimated by the Aurora. Since 1 April 2013 the 
Company has been transitioning to becoming a feeder fund of Aurora Offshore 
Fund Ltd II ("AOFL II"). AOFL II's investment manager is also the investment 
adviser to the Company and so valuations of the Company's investment in AOFL II 
may be subject to potential conflicts of interest. As at 1 February 2016 
approximately 103.40% of the Continuing Portfolio (by NAV) was invested in AOFL 
II. The value of designated investments as at 1 February 2016 equates to 
approximately 1.06% of the Continuing Portfolio NAV. Certain other risk factors 
which may be relevant to these valuations are set out in the Company's 
prospectus dated 17 October 2007 and the Company's circulars dated 15 April 
2011, 5 April 2012, 22 February 2013, 27 May 2013 and 26 August 2015. 
 
Net asset values for Redeemed Shares include only those costs and expenses 
attributable to Redeemed Shares which have been accrued as at the relevant NAV 
date. 
 
The Supplementary Information for January will be released within the next 
week. 
 
 
 
END

(END) Dow Jones Newswires

February 29, 2016 09:38 ET (14:38 GMT)

Dexion Absolute (LSE:DAB)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Dexion Absolute Charts.
Dexion Absolute (LSE:DAB)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Dexion Absolute Charts.